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Monthly Archives: February 2011
Regaining shine
Gold prices traded higher by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1,350.63 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,351.1 per ounce, 0.03% higher from 23:00GMT. Gold is … Continue reading
Posted in Gold
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Marginal gains for the AUD
For the 24 hours to 23:00 GMT, AUD strengthened 0.09% against the USD to close at 1.0132. Australia’s bank business confidence rose 7 points in January 2011, reaching 4 points after a sharp fall in December. Additionally, Australian retail sales, … Continue reading
Posted in AUD/USD
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Canadian dollar drops as concerns over oil supply abate
For the 24 hours to 23:00 GMT, USD rose 0.26% against the CAD to close at 0.9903. The Canadian dollar dropped due to reduced concern over the disruption of supplies of crude oil by protests in Egypt. In Canada, the … Continue reading
Posted in USD/CAD
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50Hr and 20 Hr moving averages converging
For the 24 hours to 23:00 GMT, USD rose 0.03% against the CHF and closed at 0.9548. In the Asian session, at 4:00GMT, the pair is trading at 0.9544, 0.04% lower from the New York session close. The pair has … Continue reading
Posted in USD/CHF
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USDJPY trading flat this morning
For the 24 hours to 23:00 GMT, USD strengthened 0.09% against the JPY and closed at 82.29. In Japan, M2 money stock increased 2.3% (Y-o-Y) to Â¥784.5 trillion in January compared to the 2.3% increase posted in December. Additionally, Japanese … Continue reading
Posted in USD/JPY
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GBP gets a mild boost after improving UK fundamentals
For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.6125. In economic news, the British Retail Consortium (BRC) reported that UK retail sales rose 2.3% on a like-for-like basis in January, from the … Continue reading
Posted in GBP/USD
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EUR rebounds after having fallen initially on disappointing German factory orders
For the 24 hours to 23:00 GMT, EUR rose 0.14% against the USD and closed at 1.3592. ECB governing Council member, Yves Mersch, stated that the bank could raise interest rates to contain inflation even before it exited measures to … Continue reading
Posted in EUR/USD
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Attention focused on Fed Speakers
The dollar weakened during the Asia session, clocking up losses against the euro, the AUD, and the NZD. USDJPY remained tightly range-bound all night and traded 82.21-82.45. EURUSD traded 1.3544-1.3636. The S&P 500 continued its advance and finished 0.6% higher, despite thin news flow. The attention now shifts to Federal Reserve speakers… Continue reading
Posted in Market Snapshot
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Gold Technical Outlook (7 February 2011)
1326.50 level remains key support
Consolidation intact from triple top
1366.15 key upside hurdle Continue reading
Posted in Market Snapshot
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EUR lower on weak German economic data
EUR lower on weaker German data
Japanese debt to reach JPY 1 quadrillion?
BoE MPC vote a close call on Thursday
Traders still talking U.S. January non-farm payrolls report Continue reading
Posted in Market Snapshot
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Australia Retail Sales below expectations
The price action during the Asia session was subdued relative to the frenetic activity seen after Friday’s payrolls report, with USDJPY locked in a particularly tight range. However, the dollar did surrender some of Friday’s gains overnight. EURUSD traded 1.3547-1.3624, USDJPY 82.16-82.29. Continue reading
Posted in Market Snapshot
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